CAUTION: Electronification Could Endanger Revenue Streams
Related Articles
- Check Conversion or Truncation How & Where to Decide? Meara, Bob // Business Credit;Oct2004, Vol. 106 Issue 9, p65
Provides information check conversion and check truncation. Coexistence between check conversion and check truncation; Basis of the check conversion decisions; Benefits of multiple electronification options for depositors.
- Innovations in Check Imaging, Clearing and the Impact of Check 21. Pribus, Matthew W. // U.S. Banker;Nov2003 Supplement, Vol. 113, p37
Focuses on the concept and passage of Check 21, the check truncation legislation in the U.S. Goal of empowering back office operations; Advantage of an advanced Internet-enabled image retrieval service; Provision of an imaging system that allows a banking institution to providing customers with...
- Truncation Will Spur Internet Links Among Branches, Banks. Jevans, David // U.S. Banker;Nov2003 Supplement, Vol. 113, p47
Reports that the Internet will play a significant role in maximizing banks' gains from electronic check truncation in the U.S. Issue of cost efficiency in banks; Ability of the Internet to connect multiple services of banks or directly to each other to exchange the data; Emergence of a new...
- Truncation Will Spur Internet Links Among Branches, Banks. Jevans, David // Bank Technology News;Nov2003 Supplement, p47
The article argues that the Internet will play a significant part in maximizing banks' gains from electronic check truncation. The author believes that secure check-image transfer over inexpensive Internet links is a major technological advancement in the financial services industry. It is...
- What Community Bankers Should Do Now. Audrian, Susan Connor // U.S. Banker;Nov2003 Supplement, Vol. 113, p24
Looks into the steps that must be taken by the U.S. banks in preparation for 21st Century Act H.R. 5414 or commonly known as Check 21. Review of the bank's position on imaging technology; Emphasis on education to the management team and staff regarding Check 21; Importance of working closely...
- Few Ready to Benefit from Check 21: Survey. Wade, Will // American Banker;10/1/2003, Vol. 168 Issue 189, p12
Though the Check 21 check truncation legislation is expected to become law this year, the U.S. banking industry is not nearly ready to take full advantage of it, according to a survey released last week. This past summer Capco polled the 100 banks ranking from 11th to 110th in asset size. Though...
- Check 21 and Its Impact on AIIM Members. Spencer, Harvey // AIIM E-DOC;Jan/Feb2005, Vol. 19 Issue 1, p13
The article focuses on the new U.S. corporate law--Check 21. Check 21 --Check Clearing for the 21st Century--became law on October 28, 2004. The act's purpose is outlined in the preamble, to facilitate check truncation by authorizing substitute checks, to foster innovation in the check...
- IT'S ABOUT Image. Murphy, Patricia A. // U.S. Banker;Nov2003 Supplement, Vol. 113, p42
Reports that check image technologies are the principal drivers of check truncation in the U.S. Agreement made by SVPCo. and Fiserv inc. to link networks to allow exchange of electronic check presentment (ECP) network files; Offer of truncation services by the U.S. Federal Reserve; Launch of the...
- Uncertainty is the Watch Word in Lead Up to Check 21. Capachin, Jeanne // American Banker;May2004 Supplement, Vol. 169, p34
The much ballyhooed Check 21 Act will take effect, setting in place the legal framework for a more efficient check processing apparatus. The full impact of this change, however, will not be felt immediately. Banks will still clear paper checks, billers will still courier deposits to check...
